Elective Capitalisation Shares definition

Elective Capitalisation Shares means those shares awarded to a holder of shares by way of a capitalisation issue, if the capitalisation issue is made to a holder of shares as an alternative to any kind of Normal Distribution;
Elective Capitalisation Shares means those shares awarded to a holder of shares by way of a capitalisation issue, if the capitalisation issue is made to a holder of shares as an alternative to any kind of Normal Distribution;1.3.30. "Eligible Employee" means for the purposes of:1.3.30.1. the Khanyisa Tier 1 Plan, a person who is eligible by reason of having been a participant in either of the Sasol lnzalo employee scheme or Sasol lnzalo management scheme and such person is a permanent employee of a member of the Group on 18 May 2018 or such other date consequent upon a change to the Effective Date;1.3.30.2. the Khanyisa Tier 2 Plan, a person who is eligible by reason of being a Black Person who either:1.3.30.2.1. is in the permanent employ of a member of the Group on 18 May 2018 or such other date consequent upon a change to the Effective Date; or1.3.30.2.2. becomes permanently employed by any member of the Group at any time during the period from 19 May 2018 (or such other date consequent upon a change to the Effective Date) until the 5lh (fifth) anniversary of the Effective Date;
Elective Capitalisation Shares means those shares awarded to a holder of shares by way of a capitalisation issue, if the capitalisation issue is made to a holder of shares as an alternative to any kind of distribution or if the shares are awarded by means of a capitalisation issue if there is an alternative to receive any other distribution;

Examples of Elective Capitalisation Shares in a sentence

  • If the Trustees elect to receive the Elective Capitalisation Shares on behalf of all Khanyisa Tier 1 Participants or all Khanyisa Tier 2 Participants, as the case may be, such Elective Capitalisation Shares shall form part of the Plan Assets.

  • In the case of Sasol, or the Company, as the case may be, offering a Distribution with the alternative of Elective Capitalisation Shares or vice versa, the Trustees shall exercise the choice provided that the same choice shall be made as regards all Khanyisa Tier 1 Participants on the one hand, or all Khanyisa Tier 2 Participants, on the other hand.

Related to Elective Capitalisation Shares

  • Participating Shares means shares that entitle their holders to participate without limitation in distributions.

  • Additional Ordinary Shares means Ordinary Shares issued by the Guarantor following the issuance of the Subscribed Ordinary Shares;

  • Class B Ordinary Shares shall have the meaning ascribed to it in Section 2.4(a).

  • New Ordinary Shares means the new Ordinary Shares arising on Conversion of the C Shares;

  • Qualifying Preferred Stock means non-cumulative perpetual preferred stock of the Corporation that (a) ranks pari passu with or junior to all other preferred stock of the Corporation, and (b) either (x) is subject to a Qualifying Replacement Capital Covenant or (y) is subject to Intent-Based Replacement Disclosure and has a provision that prohibits the Corporation from paying any dividends thereon upon its failure to satisfy one or more financial tests set forth therein, and (c) as to which the transaction documents provide for no remedies as a consequence of non-payment of dividends other than Permitted Remedies.

  • Amalco Shares means common shares in the capital of Amalco;

  • Existing Shares means, with respect to the Stockholder, the number of Company Shares Beneficially Owned and/or owned of record by the Stockholder as of the date hereof, as set forth on Schedule A.

  • Reference Shares means, in respect of the exercise of Conversion Rights by a Bondholder, the number of Shares (rounded down, if necessary, to the nearest whole number of Shares) determined in good faith by the Calculation Agent by dividing the aggregate principal amount of the Bonds being the subject of the relevant exercise of Conversion Rights by the Conversion Price in effect on the relevant Conversion Date, except that where the Conversion Date falls on or after the date an adjustment to the Conversion Price takes effect pursuant to Sections 5.4(a)(i), (ii), (iv), (v), (vi), (viii), (ix) or (x) in circumstances where the relevant Delivery Date falls on or prior to the record date or other due date for establishment of entitlement in respect of the relevant event giving rise to such adjustment, then the Conversion Price in respect of such exercise shall be such Conversion Price as would have been applicable to such exercise had no such adjustment been made.

  • Scheme Shares means the Target Shares which are subject to the Scheme in accordance with its terms.

  • A Ordinary Shares means the A ordinary shares of £0.01 each in the capital of the Company;

  • Ordinary Shares Equivalents means any securities of the Company or the Subsidiaries which would entitle the holder thereof to acquire at any time Ordinary Shares, including, without limitation, any debt, preferred stock, right, option, warrant or other instrument that is at any time convertible into or exercisable or exchangeable for, or otherwise entitles the holder thereof to receive, Ordinary Shares.

  • Class A Ordinary Shares shall have the meaning ascribed to it in Section 2.4(a).

  • Amalco Common Shares means the common shares in the capital of Amalco;

  • Participating Share or “Share” means the Participating Shares of no par value in the

  • Class B Ordinary Share means an Ordinary Share of a par value of US$0.0001 in the capital of the Company, designated as a Class B Ordinary Share and having the rights provided for in these Articles;

  • Class A Common Shares means the Class A common shares of the Company, par value US$0.00001 per share, at the date of this Indenture, subject to Section 14.07.

  • Qualifying Shares means shares of Common Stock which either (i) have been owned by the Grantee for more than six (6) months and have been “paid for” within the meaning of Rule 144 promulgated under the Securities Act, or (ii) were obtained by the Grantee in the public market.

  • Offering Shares means the Class A Shares sold in the Offering, whether such Class A Shares were purchased in the Offering or in the secondary market following the Offering and whether or not such holders are affiliates of the Sponsor.

  • Equity Shares means the Common Shares and any shares of any other class or series of the Corporation which may from time to time be authorized for issue if by their terms such shares confer on the holders thereof the right to participate in the distribution of assets upon the voluntary or involuntary liquidation, dissolution or winding up of the Corporation beyond a fixed sum or a fixed sum plus accrued dividends;

  • Ordinary Share Equivalents means any securities of the Company or the Subsidiaries which would entitle the holder thereof to acquire at any time Ordinary Shares or ADSs, including, without limitation, any debt, preferred stock, right, option, warrant or other instrument that is at any time convertible into or exercisable or exchangeable for, or otherwise entitles the holder thereof to receive, Ordinary Shares or ADSs.

  • A Shares means a participating share of no par value in the capital of the Fund, denominated in US Dollars;

  • Exchangeable Share Consideration has the meaning provided in the Exchangeable Share Provisions;

  • Class B Common Shares means shares of Class B Common Stock.

  • Parent Class A Common Stock means the Class A Common Stock, par value $0.01 per share, of Parent.

  • Closing Shares shall have the meaning ascribed to such term in Section 2.1(a)(i).

  • Ordinary Shares shall have the meaning given in the Recitals hereto.